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There are two dwellings on the property.
Main house:
-Consists of 12 singles bedrooms and 4 sharing bedrooms
-4 bathrooms
-2 Kitchens
-2 living room
-storeroom
-Uncapped fibre Wifi
-Total income= R70000
Second house:
-10 sharing bedrooms and 2 single bedrooms
-1 living room
-1 kitchen
-uncapped fIbre Wifi
-Total income= R 23 000
Total income of both properties is R58 200 which will be increased next year since the rent has not been increased for the last 3years.
The property has been accredited with the university, they accept students of different bursaries. The business is registered with SARS and financial statements are submitted every year.
Throughout the year, students approach the owner for accommodation, so tenants are never a worry.
*Site plans are available.
*Weekly garden service
*Regular general maintenance
*6 Solar geysers
*Newly renovated and low maintenance
*Secure parking
*Plumbing work recently done
*Burglar bars throughout the property and razor wire
*1Km away from the University and malls.
This property is the greatest investment you'll ever make!!!
Contact me today for viewing.